CenterBook Partners LP Purchases 62,815 Shares of Gaming and Leisure Properties, Inc. $GLPI

CenterBook Partners LP grew its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 430.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 77,395 shares of the real estate investment trust’s stock after purchasing an additional 62,815 shares during the period. CenterBook Partners LP’s holdings in Gaming and Leisure Properties were worth $2,939,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Heritage Family Offices LLP acquired a new stake in shares of Gaming and Leisure Properties during the 3rd quarter valued at $92,000. Kestra Advisory Services LLC boosted its stake in shares of Gaming and Leisure Properties by 9.9% during the 3rd quarter. Kestra Advisory Services LLC now owns 30,283 shares of the real estate investment trust’s stock worth $1,150,000 after acquiring an additional 2,737 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of Gaming and Leisure Properties by 1.8% in the 3rd quarter. Commonwealth Equity Services LLC now owns 22,147 shares of the real estate investment trust’s stock worth $841,000 after acquiring an additional 387 shares during the last quarter. Covestor Ltd grew its holdings in shares of Gaming and Leisure Properties by 167.6% in the 3rd quarter. Covestor Ltd now owns 2,601 shares of the real estate investment trust’s stock worth $99,000 after acquiring an additional 1,629 shares during the last quarter. Finally, Richardson Financial Services Inc. acquired a new position in shares of Gaming and Leisure Properties in the 3rd quarter worth $31,000. 91.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

GLPI has been the topic of a number of recent analyst reports. Citizens Jmp cut their target price on Gaming and Leisure Properties from $55.00 to $49.00 and set a “market outperform” rating on the stock in a research report on Friday, October 2nd. Weiss Ratings downgraded Gaming and Leisure Properties from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, October 8th. Barclays reduced their price objective on shares of Gaming and Leisure Properties from $50.00 to $44.00 and set an “overweight” rating for the company in a research note on Tuesday, October 20th. Wells Fargo & Company decreased their target price on shares of Gaming and Leisure Properties from $43.00 to $40.00 and set an “equal weight” rating for the company in a report on Monday, October 19th. Finally, Scotiabank dropped their target price on shares of Gaming and Leisure Properties from $49.00 to $43.00 and set a “sector perform” rating on the stock in a research report on Thursday, September 24th. Nine research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.36.

Gaming and Leisure Properties Price Performance

Shares of NASDAQ:GLPI opened at $38.89 on Friday. The company’s fifty day moving average is $39.54 and its two-hundred day moving average is $44.34. The company has a quick ratio of 5.38, a current ratio of 5.38 and a debt-to-equity ratio of 1.52. Gaming and Leisure Properties, Inc. has a 12-month low of $37.33 and a 12-month high of $49.95. The company has a market cap of $11.31 billion, a P/E ratio of 11.89, a price-to-earnings-growth ratio of 1.99 and a beta of 0.64.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its earnings results on Thursday, October 29th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.09). The business had revenue of $435.45 million during the quarter, compared to analysts’ expectations of $436.30 million. Gaming and Leisure Properties had a net margin of 55.71% and a return on equity of 18.16%. Gaming and Leisure Properties’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.97 EPS. Equities analysts expect that Gaming and Leisure Properties, Inc. will post 4.02 earnings per share for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 8.4%. The ex-dividend date of this dividend was Friday, September 11th. Gaming and Leisure Properties’s payout ratio is presently 100.31%.

Insiders Place Their Bets

In other Gaming and Leisure Properties news, Director Earl C. Shanks acquired 10,000 shares of Gaming and Leisure Properties stock in a transaction that occurred on Tuesday, August 18th. The stock was purchased at an average cost of $42.24 per share, with a total value of $422,400.00. Following the purchase, the director owned 107,259 shares in the company, valued at approximately $4,530,620.16. The trade was a 10.28% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 4.11% of the company’s stock.

Gaming and Leisure Properties Company Profile

Gaming and Leisure Properties, Inc (NASDAQ: GLPI) is a real estate investment trust focused on owning properties used by gaming and leisure businesses. The company leases its properties to casino operators, which generally manage the gaming and hospitality operations.

GLPI was established in 2013 as a spin-off from Penn National Gaming, now known as PENN Entertainment. Its portfolio includes casino and related entertainment properties in multiple U.S. states, and the company grows through property acquisitions, lease arrangements and development financing.

Peter M.